April 15, 2006	Saturday	Rabi-ul-Awwal 16, 1427

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$2 billion mega oil refinery planned ISLAMABAD, April 14: The Economic Coordination Committee of the cabinet on Friday decided to set up a $2-billion mega oil refinery at Khalifa Point in district Hub, Balochistan....		Tea team visiting India for import talks KARACHI, April 14: Black tea import from India is gradually increasing and a 15-member delegation of the Pakistan Tea Association (PTA), including representatives of multinational tea companies, is heading for an...
Pakistan attracting institutional investors ISLAMABAD, April 14: Prime Minister Shaukat Aziz has said that strong macroeconomic performance as well as improved debt profile makes Pakistan an attractive destination for institutional investors....		New PTCL board constituted ISLAMABAD, April 14: The process of handing over of Pakistan Telecommunication Company Ltd (PTCL) has been completed and the new board of directors has been formed, states an official announcement issued here on Friday....
Stocks gain 76 points despite prevailing tension KARACHI, April 14: The KSE 100-share index on Friday maintained its upward drive followed by active follow-up support in the oil sector originating mainly from the leading financial institutions amid a good bit of weekend bargain-hunting....		US industrial production up WASHINGTON, April 14: US industrial production rose 0.6 per cent in March as mining and utility output became less volatile, while capacity use reached its highest point in 5-1/2 years, the Federal Reserve said on Friday....
Import bill may cross $27bn level by end of fiscal year ISLAMABAD, April 14: Pakistan’s import bill is likely to cross $27 billion by the end of the current fiscal year owing to a rise in oil prices in the international market, putting more pressure on foreign exchange reserves....		Citrus exports set new record LAHORE, April 14: Pakistan has set a new record of kinno export this season by sending out over 150,000 tons so far, and the process still continues....
Punjab Economic Forum launched LAHORE, April 14: The Punjab Economic Forum (PEF), with an objective to further the economic interests of the province, was launched here on Friday....		Sugar tender KARACHI, April 14: The Trading Corporation of Pakistan on Friday issued a tender to buy 50,000 tons of refined sugar, with shipment due in June and bids to be submitted on April 22, a company spokesman said....
CBR moots ISLAMABAD, April 14: The CBR will hold quarterly conferences to discuss the proposals for the budget 2006-07. An official announcement made by the CBR said that the conferences, to start from...		Gas price rise MINSK, April 14: Belarussian President Alexander Lukashenko said on Friday he did not expect Russia to carry out its threat to dramatically raise gas prices for his ex-Soviet republic, Interfax news agency reported....
Japan govt sees economic recovery continuing TOKYO, April 14: Japan’s government stuck to its view that the economy is recovering in a monthly report on Friday, but said it has yet to emerge from price deflation....		Dollar edges ahead in thin Easter trade TOKYO, April 14: The dollar marked time against other major currencies in Asian trade Friday as support from strong US retail data subsided and activity wound down for the Easter holiday outside Japan, dealers said....
848 Japan firms became bankrupt in March TOKYO, April 14: The number of corporate bankruptcies in Japan rose for the second straight month in March, a research firm said on Friday, warning that a number of small firms are still under deflation pressure....		Russia asks US court to stop Yukos asset sale MOSCOW, April 14: The supervisory manager of crippled Russian oil company Yukos said on Friday he had filed suit in a US bankruptcy court seeking to stop the firm’s London-based management selling a Lithuanian refinery....
ABL’s profits KARACHI, April 14: The Allied Bank Limited (ABL) made an operating profit of Rs5.5bn during 2005, reflecting a growth of 164 per cent over last year....		Entity rating KARACHI, April 14: JCR-VIS credit rating company has assigned initial entity credit ratings of A-(Single A Minus) and A-2 (A Two) for the medium to long-term and short-term respectively, to Pakistan International Container limited....
Clarification KARACHI, April 14: Porsche Pakistan has clarified that the figure of 4,500 cars mentioned in a news item under heading “Car centre” appeared in Dawn on April 13, refers to the...		China relaxes its capital controls SHANGHAI, April 14: China relaxed its capital controls on Friday to make it much easier for individuals and companies to buy foreign currencies and invest abroad....
Malaysian palm oil ends lower KUALA LUMPUR, April 14: Malaysian crude palm oil futures closed slightly lower on Friday after rival US soyaoil inched down ahead of the Easter holiday weekend....		G7 finance ministers to discuss oil TOKYO, April 14: High oil prices, rising interest rates and Chinese currency reform will top the agenda of an upcoming Group of Seven finance ministers meeting, Japan said on Friday....
LSE takes aim at China bank SHANGHAI, April 14: The London Stock Exchange expects to win at least 20 Chinese listings in 2006, as Europe’s biggest bourse takes aim at the growing field of young Chinese entrepreneurial firms looking to raise capital....		Karachi Port operations KARACHI, April 14: Six ships carrying palm oil and to load rice are expected to arrive at the outer anchorage on Saturday, according to KPT sources....